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Question : Who helps to integrate formal credit systems into rural societies?

Option 1: Land development banks

Option 2: Self-help groups

Option 3: Regional rural banks

Option 4: Commercial banks


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Self-help groups


Solution : Self-help group helps to integrate formal credit systems into rural societies.
It can be defined as a self-governed, peer-controlled information group of people with similar socio-economic backgrounds and having a desire to collectively perform a common purpose.
Hence option b is the correct answer.

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